Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

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Written By Rowdy Ferret Design

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (with Emi Nakamura)

Annual Review of Economics, 5, 133-163, 2013.

Sluggish price adjustment is a leading explanation for the large effects of demand shocks on output and, in particular, the effects of monetary policy on output. But simple statistics such as the frequency of price change can be a misleading guide to the sluggishness of the aggregate price level. 

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Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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